Illinois
Bellwether Provides $21M for Affordable West Side Portfolio
Bellwether Enterprise Real Estate Capital LLC closed on a $20.5-million loan to rehabilitate and preserve the affordability of Victory Apartments, a… Read more
Deal for Southport Corridor Retail Crosses the Finish Line
Marcus & Millichap finalized the sale of 3730 N. Southport Ave., a Chase Bank-anchored retail building on the North Side’s Southport Corridor.… Read more
Illinois Funding Seeds Plan for Inland Port in Cairo
The State of Illinois will provide $40 million through the Rebuild Illinois capital plan to anchor a public-private partnership that… Read more
Sloan Opts for Fulton Market Space as First Chicago Showroom
Commercial plumbing manufacturer Sloan has signed a lease with Sterling Bay at 333 N. Green St. in the Fulton Market… Read more
Randy Conte Joins Cresset as COO
Randall “Randy” Conte has been named COO at Cresset Capital Management, a Chicago-based registered investment advisor. Founded three years ago,… Read more
Loop Business Metrics Show Improvement
The Chicago Loop Alliance’s July survey of member businesses shows progress form the depths of the COVID-19 pandemic and related shutdowns. 17… Read more
POAH Makes First Uptown Acquisitions
Preservation of Affordable Housing (POAH), a Boston-based non-profit apartment investor, acquired 247 apartments in the North Side’s Uptown and the… Read more
Apartments Trade at Palatine Square Complex
Inland Real Estate Commercial Brokerage closed the sale of a six-unit residential property in Palatine, IL. SVPs Paul Montes and Eric Spiess… Read more
Hyatt Hotels CEO Sees Encouraging Signs Despite Quarterly Losses
Unsurprisingly given the COVID-19 pandemic’s impact on lodging, Chicago-based Hyatt Hotels Corporation reported a 376% year-over-year decline in net income,… Read more
McHenry County Launches C-PACE Program
The Illinois Energy Conservation Authority NFP (IECA) was selected by McHenry County as the program administrator for the McHenry County Commercial Property Assessed Clean… Read more
Black Bear Capital Arranges Refi’s on Multifamily, Student Properties
Black Bear Capital Partners (BBCP) recently arranged $38.4 million in permanent financing on behalf of various owners to refinance student housing and multifamily properties throughout… Read more
GCM Grosvenor Will Become Public Company Following Merger
Chicago-based global alternative asset management firm GCM Grosvenor will become a public company through a merger with CF Finance Acquisition… Read more
City Expands Outdoor Dining Program
The Lightfoot administration on Monday announced an expansion of its Outdoor Dining Program that has already allowed more than 250… Read more
Gurnee Parcel Sells for Future Hotel Use
A land parcel at 5742 Northridge Dr. in Gurnee, IL was recently sold to a developer with plans to build a hotel. Paul… Read more
Proposed West Loop Tower Heads for Approvals
Vista Property Group is seeking approval for a new office building at 609 W. Randolph St. in the West Loop, Crain’s… Read more
Nonprofit Openlands Renews Longtime Tenancy
Bradford Allen’s Jonathan Seeley and Merrick Wells completed a lease extension on behalf of Openlands. The Chicago-based nonprofit signed a… Read more
$20M Renovation Wraps Up at Continental Towers
Glenstar and Rubenstein Partners completed a $20-million renovation at Continental Towers in Rolling Meadows, IL. Launched last summer, it marks… Read more
Lightfoot Appoints New Buildings Commissioner
Matthew W. Beaudet has been named Commissioner of Chicago’s Department of Buildings (DOB). Beaudet, who served as Acting Commissioner for… Read more
Chicago Home Sales Down 29% Y-O-Y in June
The city of Chicago saw year-over-year home sales decrease 29.1% with 2,020 sales in June, compared to 2,850 a year… Read more